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Egypt earmarks EGP 1.2 bn in financing for the country’s natgas transition
Gov’t, CBE lay down framework for EGP 1.2 bn on-lending program for the country’s natgas transition: The Trade and Industry…
Could we be getting more clarity on the fate of Egypt’s state privatization program this month?
PRIVATIZATION WATCH- Could we be getting more clarity on the fate of the state privatization program this month? Finance industry…
Bank Audi denies reports of resumed acquisition talks with FAB
M&A WATCH- Bank Audi has not resumed talks with suitors interested in its Egypt assets since its shelved negotiations with…
GEMS to invest EGP 1 bn to add four schools to its Egypt portfolio
INVESTMENT WATCH- GEMS to invest EGP 1 bn to add four schools to its Egypt portfolio: Private-sector education provider GEMS…
Cleopatra Hospital Group, Speed Medical deny they’re pursuing Alex Medical
M&A WATCH- Speed Medical, Cleopatra Hospital Group deny interest in Alex Medical: Speed Medical and Cleopatra Hospital Group (CHG) and…
Egypt’s unemployment rate rose to a near two-year high in 2Q2020
Egypt’s unemployment rate rose to a near two-year high in 2Q2020, hitting 9.6% as the covid-19 pandemic forced businesses to…
EFG Hermes appoints Mohamed Gabr to head legal team
MOVES- EFG Hermes has appointed high profile corporate lawyer Mohamed Gabr (Linkedin) as general counsel and to provide strategic advice…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
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